Five years after the 2008 world financial crisis and two years after the Occupy movement it triggered, U.S. critics of the financial sector are coalescing around the idea of a Robin Hood Tax on financial transactions.

Monday September 23, 2013, 3:49 pm
Noted. Yes, this has been in the works quite awhile now. It's time for a big push. It is such a small amount to ask for and it could do so much good if used properly. I've been asking my members of Congress to support this.

Monday September 23, 2013, 4:32 pm
"For activists in the United States, the tax is part of what they hope will be a societal reorientation away from the privileging of an industry that has doubled its share of U.S. GDP since 1980 and drains other fields of the best and brightest.

FTTs exist in over 30 countries, many of them, like South Korea and Brazil, with some of fastest growth rates in the world.

“People don’t realise how tiny a tax we are talking about,” said Nicole Woo, director of domestic policy at the Centre for Economic and Policy Research (CEPR).

“There’s plenty of evidence out there that if revenues were to go to infrastructure spending, education and other public goods, it could increase GDP in the end and help increase employment,” Woo told IPS."

One can expect Wall Street to fight this tooth and nail on the premise that it will stifle investment. They will say that it will mean less investment money for the 'job creators', which not surprisingly are not investing to create jobs, but investing at the altar of greed to increase the weight of their own pockets. A very myopic view.